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How to Save Money While Living in a Rental Flat in Pune

Moving to a new city is two things – a lot of fun and very expensive. But if you’re moving to a city like Pune for a great new job or a chance to attend one of the top colleges in the country, you’re going to have to incur the expense. And finding some flats for rent in Pune that are comfortable without breaking the bank is actually possible, if you plan well in advance and make smart decisions. And we can help you out with that. Here are some of our top tips to saving money and making smart financial decisions when you move to a rented flat in Pune. Take a look! Find here – How to Save Money While Living in a Rental Flat in Pune.

Best 4 Tips Save Money While Living in a Rental Flat in Pune

Determine your budget

There’s no way to have smart financial habits if you don’t have a budget in place. Because a budget allows you to plan your expenses in advance, set aside money accordingly and save up for extras and emergencies. And when it comes to moving, ensuring that you’re doing this is super important as you need to have a financial buffer in a new city. Creating a budget will require you to do some research, so make sure that you find out the average monthly rent and cost of living in Pune, moving charges etc. Remember that your first month expenses are always going to be higher as you have to pay your security deposit, the cost of setting up utilities and travelling to Pune as well. Once you’ve decided on a budget, start saving towards it ASAP.

Open an online savings account

A plan on paper is good, but it only becomes great when you put it into action. Create an online savings account for your moving budget. Setting up these accounts are free and easy and will take you mere minutes to open. Online accounts tend to offer you higher rates of interest as well so you can maximise your money. Set up the account such that you can make automatic deposits from your current account each month, and make sure you’re not spending this money on any non-moving related expenses. This will help you visualise your savings and meet your goals a lot quicker. SBI, Union Bank of India and HDFC Bank are some banks that will allow you to open an online account by linking with your Aadhar card.

Do some research into your new neighbourhood

Since you’ve decided to move to Pune and find a flat there that suits your lifestyle and your budget, you need to do your research into the different neighbourhoods. An easy way to do this is to create a list of the things that you want your new neighbourhood to provide you with. Then find some areas that are in a convenient location and match your criteria. Filter with these options during your online search and check some of your top apartment choices out in person. You’ll get to see the neighbourhood in action – the facilities that are available, the safety, the noise levels etc. At the same time, you can find out more about access to healthcare, markets, public transport, and shopping centres from the area. Knowing these things beforehand will help you make an informed decision about which neighbourhood and flat to choose.

Negotiate your monthly rent

Your monthly rent is going to be your biggest expense when you’re living in a new city. Which means that if you’re able to reduce it to a more affordable sum, you’re going to get the best possible deal. There are a few ways to do this. The most obvious is to attempt to negotiate with your landlord or broker if they are amenable and find a middle ground. But that’s going to be a really subjective decision. Instead, you could opt for a professionally managed accommodation like Stanza Living where you won’t need to negotiate your rent at all. Instead, you’ll be walking away with a real steal as your monthly rent will be granting you not only a spacious and well-designed place to live, but also access to various amenities including high-speed internet, professional housekeeping services and 24×7 security. You can even ensure that you end-up paying less rent if you’re willing to share your space with roommates as you’ll be able to access more at a fraction of the cost.

When you plan in advance, it’s easy to be financially ready for a move to a city like Pune. So, stay vigilant, be prepared and you’ll be ready to handle your move to a new apartment with ease.

See also – Having Wall Art in Your Home

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